Citibank India

About Citibank

Citibank was founded in India in the year 1902 with its head office located at Mumbai, the commercial hub of the nation. Citibank India has carved a niche for itself in the area of providing topnotch consumer finance lending services. The products offered by the bank are also thoughtfully designed and plenty in number.

Background of Citibank

Citibank belongs to Citigroup, which is a well recognized financial services company. It was started in 1812 and is reckoned amongst the largest banks in the United States. The New York based bank was firstly christened as City Bank of New York, which later became to be known as the First National City Bank of New York.

Citibank is spread across more than 100 nations around the globe. Its areas of expertise include:

Banking services

Insurance

Investment

Credit card

According to reports, Citibank boasts of a base of 15 million users, who are served by its online services division alone. Hit by one of the worst financial recession effects in 2008, the Citibank received a stimulus package of US$ 50 billion from the US government in two parts.

Products and Services of Citibank

The various products and services of the Citibank in India encompass following range:

Deposit Accounts

Current Accounts

Savings Accounts

Term deposits

Investments

Mutual Funds

Demat

Deposits

Banking Services

CitiGold Wealth Management

Suvidha Savings Account

Debit Cards

Citibanking

Insurance

Life Insurance Solutions

Credit Insurance

Travel Insurance

Health Insurance

NRI Services

Rupee Checking Account

Dollar Checking Account

FCNR India Deposits

Home Loans

Loans

Loan against Shares

Personal Loans

Home Loans

Ready Credit

Online/Mobile Services

Internet Banking

Bill Payment

E-Statement

E-Commerce

CitiAlert

Citibank Business

Personal Wealth Management

CitiBusiness Card

Current Account

Loans

Citibank Credit Cards

Jet Airways Citibank Platinum Credit Card

Citi Titanium Cash Rewards Credit Card

IndianOil Citibusiness Gold Credit Card

Jet Airways CitiBusiness Credit Card

First Citizen Citibank Credit Card

Citi Platinum Select Credit Card

Vodafone Citibank Credit Card

Citibank Platinum Credit Card

Citibank World Money Card

Citibank Ultima Credit Card

Citibank Personal loan

Citibank India Personal loans, offered by the bank, are quick and affordable. The attractive features of the loan offered are:

One can get loan from 40,000 up to 10 lacs

Remittance is flexible i.e. one can repay the loan within 5 years.

Paperwork or documentation is simple and hassle free

The bank does not require a guarantor or security

Loan can be availed within 2 days or 48 hrs.

Besides, Citibank personal loan is available to those who are already members of the bank. They just need to fill in certain details like credit card number, loan account number and Suvidha account number to prove if they are eligible for the loan or ready cash or not.

Citibank business loan is yet another loan provided by the bank. One can apply for secured and unsecured loans upto Rs 15 crores for growth and other business purposes. The bank provides advances like overdraft facility, fast track loans and secured term loans. One would also get discounts, deals, benefits on Citibusiness loans.

Some of the business loans and advances by the bank include:

Secured term loan

Quick loan

Overdrafts

Dropline overdraft

Non fund based lines

Any business organization with a turnover of more than Rs 44 crore is eligible for business loan. Moreover, partnership businesses, private limited companies and sole proprietors are also approved for the loans. Online Citibank networking is the best way to apply for the

loans. One can download the application form and select from a wide range of business loans that suits one's needs.

One can also finance a dream house with the help of Citibank India home loan product. One can apply for loan upto Rs 5 crore at competitive interest rate, which is calculated on daily reducing balance method. The loan is offered upto 89 % value of the property with a flexible remittance option i.e. within 25 years. Moreover, no penalty is charged for partial prepayment.

Another special feature of the Citibank home loan is that customers can transfer home loan from other banks and financial institutions and get more money upto 2 crore on the existing loan. The tenure of repayment is 20 years.